oil

Tight oil production in Permian drives growth in onshore U.S. Lower 48 states production

Onshore crude oil production in the U.S. Lower 48 states (L48) has more than tripled since January 2010, driven by…

3 days ago

EIA forecasts world oil consumption growth to slow amid less economic activity

We forecast consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by…

3 weeks ago

Oil prices and refinery margins fell slightly in first quarter of 2025

During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing…

1 month ago

U.S. oil companies spent less on interest over the last decade despite higher rates

Higher oil prices, increased drilling efficiency, and structurally lower debt needs have contributed to lower interest expenses for some publicly…

1 month ago

U.S. crude oil production rose by 2% in 2024

U.S. crude oil production grew by 270,000 barrels per day (b/d) in 2024 to average 13.2 million b/d, according to…

2 months ago

Eagle Ford natural gas production increases as crude oil production holds steady

In our April Short-Term Energy Outlook, we forecast U.S. annual natural gas production from the Eagle Ford region in southwest…

2 months ago

U.S. crude oil exports reached a new record in 2024

U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million…

2 months ago

State Energy Data System: Lubricants, asphalt, and road oil through 2023

(Fri, 28 Mar 2025) Annual state-level estimates of consumption, prices, and expenditures for lubricants, asphalt, and road oil.

2 months ago

EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017

In our March 2025 Short-Term Energy Outlook, we forecast crude oil production in Alaska will increase by 16,000 barrels per…

3 months ago

State Energy Data System: Distillate fuel oil, renewable diesel, and biodiesel through 2023

(Fri, 28 Feb 2025) Annual state-level estimates of consumption, prices, and expenditures for distillate fuel oil and consumption for renewable…

3 months ago

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